BREAKING: Whale Loses $4.77M in Failed $ETH Short
In one of the most dramatic liquidations this month, a trader lost m$4.77 million shorting Ethereum—wiped out in under 8 hours.
📉 From $5M to just $300K
The trader’s ETH-USD perpetual futures position collapsed, leaving the wallet with only $310,335, according to on-chain data.
What Went Wrong?
- Opened a massive short position on $ETH betting on a price drop.
- Instead, Ethereum rallied, triggering liquidation.
- Final PnL: -$4,770,842.55
Key Takeaways:
⚠️ Overleveraging is deadly
⚠️ Risk management is crucial
⚠️ Markets can reverse faster than you think
